UK-based development finance institution CDC Group has announced a raft of new deals with Africa-based counterparts totally USD400mn, mostly to support small and medium-sized businesses across the continent.
21 Jan 2020
Niger State Governor Alhaji Abubakar Bello has written to the House of Assembly to request legislative approval to issue up to NGN25bn (approx. USD69mn) in sukuk.
21 Jan 2020
Despite a relatively positive outlook for EM banking sectors loan growth in 2020, a troubling macro backdrop will continue to weigh on the sector in South Africa throughout 2020, according to a recent report from UBS.
17 Jan 2020
Growth among West African Economic and Monetary Union (WAEMU) countries is expected to hold steady at 6.4% in 2020, according to World Bank figures, while growth prospects in some of the continent’s largest economies remain mixed.
15 Jan 2020
While the economic reforms of the past three years have pushed the country in the right direction and helped reduce the fiscal deficit, the interest bill is going to determine the scale of fiscal improvement in Egypt in the coming years, Moody’s said in a recently published paper.
13 Jan 2020
While concerns about sustainability of current debt levels remain, a positive story and juicy yields draw in over USD8bn worth of orders for the sovereign issuance.
8 Jan 2020
Nigeria’s recent attempt to retrospectively tax international oil companies was seen by many as an attempt to desperately plug gaps in the country’s budget. But the government’s strained relationship with the country’s largest revenue generating sector is merely a symptom of much deeper issues: patchy revenue generation, ineffective institutions, and rising policy risk.
20 Nov 2019
Kenya currently faces an infrastructure financing gap of USD4bn, according to data from the World Bank, with the government’s recent borrowing spree unlikely to plug it. Bonds & Loans hosted an exclusive breakfast roundtable discussion with bankers, developers, and investors to explore the bottlenecks preventing local institutions from investing Kenyan money in Kenyan projects.
6 Nov 2019
All is not well in the largest economy on the African continent. Nigeria faces an array of issues, largely the result of internal political problems. Bonds & Loans speaks with Cheta Nwanze, Head of Research at SBM Intelligence, about public debt, central bank independence, and growing political risk in Nigeria.
30 Oct 2019
There is a pressing need to improve social and environmental outcomes in South Africa, and finance can play an important role in bringing them about. But the growth of the sustainable finance segment needs to be driven by allocators of capital – banks and investors, says Nedbank’s head of debt capital markets origination Bruce Stewart.
25 Oct 2019
Bonds & Loans examines the strengths, weaknesses, opportunities and threats across Africa following a research trip to the region.
10 Oct 2019
So far, 2019 has seen a marked escalation of political tensions within Kenya’s ruling Jubilee coalition. The coalition – led by President Uhuru Kenyatta and Deputy President William Ruto – has so far been able to effectively keep a lid on the political and ethnic divisions that boiled over into widescale violence ten years ago. The recent arrest of a high-profile minister has sparked concerns…
27 Sep 2019